A SUSTAINABLE business plan

Leading more that 20 companies to a SUSTAINABLE future is a bold idea. With EcoStruxure™ Building, Blackstone, one of the world's largest private equity firms, is able to acheive tens of millions in energy savings from sustainability efforts and strategic energy sourcing.

With innovative technology and services at every level of the organization, Blackstone developed an aggressive and sustainable energy-management strategy, which is paying dividends at over 20 portfolio companies and counting.

The Challenge

• Blackstone is one of the world’s largest private equity firms, managing more than $365 billion in assets. To stay ahead in a competitive market, the company looks for every opportunity to save and is quick to move and capitalize on smart investments.

• To manage resources and expenses, Blackstone needed actionable energy and sustainability data for the companies it owns and supports.

• “It’s critical to handle each region with some level of consistency. We’re a data-driven organization. And I approach sustainability the same way. I have to have good data no matter the location,” said Don Anderson, Chief Sustainability Officer at Blackstone.

• Working with Schneider Electric, Blackstone developed an aggressive energy-management and sustainability strategy.

• Blackstone uses EcoStruxure™ Resource Advisor, a cloud-based platform that captures and normalizes energy and utility data at all levels of the company’s portfolio, from individual sites to regional cross sections.

• The technology is paired with an Energy & Sustainability Services consultant from Schneider Electric, dedicated for each site. These experts help interpret the data, and pinpoint and act on opportunities for efficiency improvements.

• Data from Resource Advisor allows Blackstone to negotiate contracts with utilities and other suppliers, getting the right source of energy at the lowest possible rates.

• The data is also used to develop sector-specific scorecards, which are automatically updated to drive program participation across critical KPIs.